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Report Republic of Korea - Articles of Non-Malleable Cast Iron - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Republic of Korea - Articles of Non-Malleable Cast Iron - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Market for Articles Of Non-Malleable Cast Iron 2024

Market Size for Articles Of Non-Malleable Cast Iron in Republic of Korea

The South Korean non-malleable cast iron articles market rose to $X in 2022, growing by 3.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a significant increase. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in years to come.

Exports of Articles Of Non-Malleable Cast Iron

Exports from Republic of Korea

In 2022, exports of articles of non-malleable cast iron from South Korea skyrocketed to X tons, increasing by 31% on the previous year. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 413%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, non-malleable cast iron articles exports skyrocketed to $X in 2022. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 324% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

India (X tons), Belgium (X tons) and China (X tons) were the main destinations of non-malleable cast iron articles exports from South Korea, with a combined 84% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +114.0%), while the other leaders experienced more modest paces of growth.

In value terms, India ($X) remains the key foreign market for articles of non-malleable cast iron exports from South Korea, comprising 48% of total exports. The second position in the ranking was taken by Belgium ($X), with a 14% share of total exports. It was followed by Japan, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to India totaled +77.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+25.9% per year) and Japan (+5.2% per year).

Export Prices by Country

In 2022, the average non-malleable cast iron articles export price amounted to $X per ton, picking up by 9.2% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 53% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+45.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Articles Of Non-Malleable Cast Iron

Imports into Republic of Korea

Non-malleable cast iron articles imports into South Korea rose significantly to X tons in 2022, surging by 6.1% compared with 2021. In general, imports enjoyed significant growth. The growth pace was the most rapid in 2016 when imports increased by 437%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, non-malleable cast iron articles imports stood at $X in 2022. Over the period under review, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2016 with an increase of 145%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest non-malleable cast iron articles supplier to South Korea, accounting for a 89% share of total imports. Moreover, non-malleable cast iron articles imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), ninefold.

From 2012 to 2022, the average annual growth rate of volume from China totaled +40.0%.

In value terms, China ($X) constituted the largest supplier of articles of non-malleable cast iron to South Korea, comprising 83% of total imports. The second position in the ranking was taken by Vietnam ($X), with an 11% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +35.6%.

Import Prices by Country

The average non-malleable cast iron articles import price stood at $X per ton in 2022, falling by -4.5% against the previous year. Overall, the import price recorded a abrupt decline. The pace of growth was the most pronounced in 2015 when the average import price increased by 12%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for China amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+2.7%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of in 2021 were China, the United States and India, together comprising 45% of global consumption.
The country with the largest volume of non-malleable cast iron articles production was China, comprising approx. 28% of total volume. Moreover, non-malleable cast iron articles production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. India ranked third in terms of total production with an 11% share.
In value terms, India constituted the largest supplier of non-malleable cast iron articles to South Korea, comprising 74% of total imports. The second position in the ranking was occupied by the United States, with an 8.4% share of total imports. It was followed by Germany, with a 6.1% share.
In value terms, the largest markets for non-malleable cast iron articles exported from South Korea were the United States, Japan and India, with a combined 90% share of total exports. Italy lagged somewhat behind, comprising a further 5.1%.
In 2021, the average non-malleable cast iron articles export price amounted to $2,376 per ton, surging by 21% against the previous year.
The average non-malleable cast iron articles import price stood at $2,234 per ton in 2021, surging by 77% against the previous year.

This report provides an in-depth analysis of the market for non-malleable cast iron articles in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 25992913 - Articles of non-malleable cast iron, n.e.c.

Country coverage:

  • South Korea

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Republic of Korea
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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Free Data: Articles Of Non-Malleable Cast Iron - South Korea
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